May 30, 2012 / 8:58 AM / 5 years ago

Power Grid to raise up to 100 bln rupees in bonds

May 30 (Reuters) - State-run transmission utility Power Grid Corp of India aims to raise 90 billion to 100 billion rupees ($1.6 billion to $1.8 billion) in 2012/13 through sale of local bonds, R.T. Agarwal, director-finance, told reporters on Wednesday.

It had raised about 85 billion rupees in domestic bonds in the last fiscal year that ended in March. ($1 = 56.1 Indian rupees) (Reporting by Ketan Bondre in MUMBAI; Editing by Ranjit Gangadharan)

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